|Bid||17.150 x 1800|
|Ask||17.160 x 1500|
|Day's range||16.980 - 17.486|
|52-week range||15.990 - 30.250|
|PE ratio (TTM)||9.12|
|Earnings date||12 Feb 2018 - 16 Feb 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||22.34|
All of a sudden, it seems, everybody wants to own a U.S. media company. In the last few weeks, several of the world's biggest telecommunications and media companies have started circling Twenty First Century Fox Inc with an eye to buying a significant piece of Rupert Murdoch's global media and entertainment empire. Potential suitors include Comcast Corp, Verizon Communications Inc and Walt Disney Co. Meanwhile, Meredith Corp is considering a bid for Time Inc and Discovery Communications Inc is acquiring Scripps Networks Interactive Inc.
BBC Worldwide is in talks with advisers about borrowing hundreds of millions of pounds from private investors to buy out the half of UKTV it does not already own, the newspaper added. Should that happen, we would look forward to discussing the continued success of UKTV with Discovery," a BBC spokesperson said in an email to Reuters. UKTV, whose channels include Dave and Gold, is an independent commercial joint venture between BBC Worldwide and U.S. broadcaster Scripps Networks Interactive (SNI.O).
The BBC's commercial arm is considering a 500-million-pound ($658.55 million) bid for full control of broadcaster UKTV, the Daily Telegraph newspaper reported, citing sources. BBC Worldwide is in talks with advisers about borrowing hundreds of millions of pounds from private investors to buy out the half of UKTV it does not already own, the newspaper added. Should that happen, we would look forward to discussing the continued success of UKTV with Discovery," a BBC spokesperson said in an email to Reuters.
NEW YORK/LOS ANGELES (Reuters) - Amazon.com Inc (AMZN.O) has scrapped plans to launch an online streaming service bundling popular U.S. broadcast and cable networks because it believes it cannot make enough money on such a service, people familiar with the matter told Reuters. The world's largest online retailer has also been unable to convince key broadcast and basic cable networks to break with decades-old business models and join its a la carte Amazon Channels service, the sources said and has backed away from talks with them. The reversals come a month after the abrupt departure of Roy Price from his job as head of Amazon Studios, the company's high-profile television production division, following an allegation of sexual harassment, which he has contested.
FloSports signs a streaming deal with Big Ten Network, and its CEO explains why he believes ESPN is "lost without a rudder."
Media stocks shined on Tuesday as investor sentiment was lifted by the prospects of dealmaking within the sector.
Media stocks sold off for the second day in a row on Friday, with Discovery Communications and Viacom again faring the worst.
Discovery Communications reported an accelerating decline in subscribers to its channels in the U.S., a sign that the unraveling of the cable television bundle is picking up speed.
Shares of the cable company fell as subscriber losses continued in its third-quarter report, and earnings growth was slower than expected.
Discovery's (DISCA) top line in Q3 was buoyed by strong revenues from the U.S. Networks unit. The Education and Other unit, however, performed disappointingly.
The owner of HGTV, Food Network, and the Travel Channel saw its ratings drop as subscribers continue to flee the traditional pay-TV ecosystem.
Discovery (DISCA) reported lower-than-expected earnings per share in the third quarter of 2017. The top line was buoyed by higher revenues from the U.S. Networks unit.
On a per-share basis, the Silver Spring, Maryland-based company said it had profit of 38 cents. Earnings, adjusted for amortization costs, came to 43 cents per share. The operator of cable TV channels ...
On a per-share basis, the Silver Spring, Maryland-based company said it had profit of 38 cents. Earnings, adjusted for amortization costs, were 43 cents per share. The results did not meet Wall Street ...
Discovery's (DISCA) joint venture with TEN and partnership renewal with AT&T are likely to aid results in Q3. However, sluggish advertising revenues might dampen results.
Steep costs might spoil SIRIUS XM's (SIRI) third-quarter results. The sluggish subscription growth and high-debt levels further add to the company's fears.
Snapchat's parent company strikes a deal with Discovery's Eurosport to break down February's Winter Olympic Games. It's hard to decide who needs the other more at this point.
Social media platform Snapchat will present Winter Olympics content at next year's event in Pyeongchang after striking a deal with Discovery communications' Eurosport, a move which could help the Games reach the younger demographic it craves. Discovery Communications is the exclusive TV and multimedia rights holder for 50 countries and territories in Europe for the Olympic Games from 2018-2024. The partnership with Snap Inc, is for a European, multi-language deal and will see Winter Olympics content as part of Snapchat's 'stories' feature.